FX.co ★ USD/CHF wave analysis for May 19

USD_CHF pair has supported the overall sentiment on the market of strengthening the US dollar and having finished the formation of the correctional 4th wave in the 5th has dynamically enough hit the mentioned before predicted target level around 1,1470. taking into account the gathered pace, we can wait for the pair to touch the next aim near 1.1680, corresponding to Fibo degree of 2.618, calculated from the 1st wave in the 5th of the current uprising trend part. However, considering the MACD divergence, one should be careful in holding long positions.